Finance

Even though GSE and Federal Housing Administration (FHA) loan limits will decline to $625,500 at midnight Friday, borrowers with high balance FHA-insured loans can still refinance these products as long as they don't engage in a cash-out refinancing.

Irvine, Calif-based Carrington Mortgage Services some time this month is expected to issue its first GNMA security, one company official told ASR sister publication National Mortgage News recently. Carrington is a fast growing retail/wholesale lender.

DoubleLine Capital's the DoubleLine Funds Trust launched the DoubleLine Low Duration Bond Fund.

Santander Consumer is in the market with an auto deal under its Santander Drive Auto Receivables Trust 2011-4. The company filed with the Securities and Exchange Commission (SEC) for a $750 million offering.

Banks in Europe will try to unload roughly 15 billion euros ($20 billion) of loans secured by commercial real estate in Europe through 2012 as they comply with tighter capital regulations, according to Situs Companies, a debt advisor.

Cortview Capital Holdings Inc. plans to dissolve the commercial mortgage-bond team led by Bill Green, after hiring the group only six months ago, according to a Bloomberg report.

The recent weakness in the credit markets means European CMBS issuance isn't likely to pick up significantly anytime soon, according to Standard & Poor's report.

The second edition of Mortgage-Backed Securities: Products, Structuring, and Analytical Techniques was recently released by John Wiley & Sons.

Babson Capital Management has closed a $500 million CLO, its first since the financial crisis, the Springfield, Mass.-based firm said today.

Moody’s Investors Service in a recent report warned of the danger posed to Hungarian covered bonds of a Sept. 19 law that allows mortgages denominated in foreign currency to be repaid in Hungarian forints. The exchange rate for the switchover represents a discount from the prevailing one.

Another auto-related deal is coming to the market. World Omni Financial Corp. filed an S-3 filing with the Securities and Exchange Commission (SEC) to issue a securitization under its World Omni Automobile Lease Securitization Trust.

Standard & Poor's, Moody's Corp. and Fitch won dismissal of a lawsuit alleging that their ratings of nonprime MBS were faulty and caused five Ohio public employee pension funds to buy into these money-losing investments.

The Federal Housing Finance Agency (FHFA) Tuesday afternoon released a 37-page "talking paper" on changing GSE servicing fees, while noting that Ginnie Mae compensation – for now – will not be part of the discussion.

Overall, mortgage application activity increased 9.3% in the week ending Sept. 23 with the Refinance Index, specifically surging 11.2% to ~4240.

Standard & Poor's placed Assured Guaranty Corp. and Assured Guaranty Re on negative CreditWatch for significant concentration risk in its insured portfolio.

A top Capital One Financial Corp. executive said Tuesday that regulators and the public should be pleased that it wants to merge with ING Group's online U.S. banking unit, saying its purchase is substantially safer than other potential alternatives.

Lewtan has partnered with Thetica Systems to offer a pre-integrated bond valuation platform to MBS and ABS investors.

American Airlines is issuing a structured finance deal comprising $725.7 million of Class-A passthrough certificates., according to Moody's Investors Service.

The Securities and Exchange Commission (SEC) has charged RBC Capital Markets for misconduct in the sale of "unsuitable investments" to five Wisconsin school districts.